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Technology Stocks : WCOM
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To: Jacob Snyder who wrote (8816)6/21/2001 10:41:10 AM
From: Oeconomicus  Read Replies (2) of 11568
 
OK, what am I missing? ICIX shareholders have approved the deal and it is set to close in ten days, yet ICIX is still trading 50-60 cents below WCOM and you get 65 cents worth of MCIT to boot. That's an 8%+ return in ten days - more if leveraged. The arbs run out of money or something?

Bob

PS: I can see this resulting in pressure on WCOM, but one would think that there'd be more upward pressure on ICIX. I guess the market just wants to slam communications stocks, regardless of financial strength.
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